I am acquiring a brand new duplex in Staindrop and my conveyancer is telling me that she is duty bound to the bank to reveal incentives from the seller. I am on a tight deadline to exchange and I have no desire to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a property and require a conveyancing solicitor in Staindrop who is on the Barclays Direct conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays Direct in certain locations such as Staindrop. We dont recommend any particular firm.
This question may be naive but I am unexperienced as a first time purchaser of a two bedroom flat in Staindrop. Do I collect the keys to the house on completion from my conveyancer? If so, I will find a High Street conveyancing solicitor in Staindrop?
On the day of completion you will not be required to go to the conveyancers office in Staindrop. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
When it comes to mortgage companies such as RBS, do Staindrop solicitors have to pay a yearly amount to be on the list of approved solicitors?
We are unaware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
After much negotiation I have agreed a price on a house in Staindrop. My financial adviser suggested a property lawyer. I paid an on account payment of £175. Soon after, the conveyancer contacted me embarrassingly acknowledging that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
What does a local search tell me concerning the house we're buying in Staindrop?
Staindrop conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Onsearch The local search plays an important part in many a Staindrop conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I opted to have a survey carried out on a property in Staindrop prior to retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some banks tend not give a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Staindrop. Conveyancing will be smoother if you use a solicitor in Staindrop especially if they are acquainted with such properties in Staindrop.